Cornerstone Real Estate Advisers LLC has announced a strong 2015, with $17bn (£11bn) of transactions undertaken.
The transactions comprise equity acquisitions and financings totalling $3.9bn, as well as executing and advising on $2.9bn of equity disposals. In addition, $8bn, or 48% of the total transactions, was in real estate debt. Also included is $20bn global RCIT securities under management.
Cornerstone Europe’s 2015 transaction volume was over $1.5bn and assets under management reached $3.6bn.
Charles Weeks, chief executive officer of Cornerstone Europe, said: “Cornerstone Europe reached a milestone in 2015 with the build out of our European platform serving multiple pan-European mandates. Clients tell us that they want specialists: local knowledge combined within a pan-European and/or global approach to investing, and that is exactly what we now have.”
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